Monday, September 9, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil is stuck up at the wedge highs right now and failing back off. I am looking to take this back short to the wedge lows and possible a bit further to 108.12 for a quick blow-off to the lows. If we do continue higher, I will be looking long above the 110.48 - 110.70 highs as well to the overall wedge highs WAY above us after revisiting the highs at 112.24.


Euro 60-Minute
The Euro has been pushing higher since the test of the wedge lows back at 1.3105. I am looking to continue buying this higher to the 1.3224 - 1.3227 highs and possible further up to 1.3253 - 1.3258 and the wedge highs. If we push lower I will be looking short under the 1.3166 low to revisit the wedge low.



Gold 60-Minute
The Gold Futures are stuck up at the highs of the wedge right now and pushing lower. I will be looking to take this short back to the lows of 1358.8 - 1354.5 and the wedge lows. If we do continue higher I will be looking to buy up to the second wedge high above up to 1395.0. We did have a reversal signal long so seeing long setups are very viable this morning.


Russell 60-Minute
The Russell is stuck at the highs of the wedge right now and looking pretty weak. I am looking to sell this back down to the 1026.8 low first and then further to the wedge lows. If we do continue higher, I will also be looking to buy with a break above the wedge highs to see a test of 1034.4 and possible higher to 1037.2 and the wedge highs.



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